Facebook class action lawsuits to go ahead

LONDON: -- Two US class action lawsuits against Facebook by shareholders alleging it hid growth concerns ahead of its 2012 public listing can now go ahead.

A federal judge certified the legal proceedings, Reuters reports, saying investors who claim they lost money could pursue their claims as groups.

Facebook told the BBC that it was disappointed with the decision and it has launched an appeal against it.

The firm's initial public offering (IPO) in May 2012 raised $16bn (£10bn).

Full story: http://www.bbc.com/news/business-35196706


-- BBC 2015-12-30

The guy created a monster that will haunt us for generations to come.

I'd like to see him lose all his money.

Oww, got no friends on your account then? There, there, Mommy's gunner give you a big hug!

^^ im with car on this one wilson ,

Maybe your right he has no freinds on fb as doesn't have an account and unfortunatley he has to deal with the reality of having friends that dont exist in cyber space but are actually people he spends time with in real life rather than through some social app.

But then again youve got lots of friends on your account so no need for you to be sad

Good thing he gave all his money away already